Top 200 accounting firm REDW Advisors & CPAs has expanded its presence in Arizona after acquiring Hatcher Financial, a Phoenix-based firm that specializes in wealth management, accounting, and tax planning services.
Financial terms of the deal weren’t disclosed. The acquisition increases REDW’s Phoenix office to 114 team members and nearly 350 team members across its national and international footprint.
Hatcher Financial has joined REDW Wealth LLC, a Securities and Exchange Commission-registered investment advisory firm subsidiary of REDW Advisors & CPAs with more than $1 billion in assets under management.
“For the past several years, REDW has undergone a seismic shift in its business model by creating partnerships, acquiring key talent, and investing in technology that allows us to approach our clients’ needs in a more holistic way,” Kerry Prine, chief operating officer of Albuquerque, NM-based REDW Advisors & CPAs, said in a statement. “Today, as a full-service advisory firm, our focus is to continue to excel at traditional tax and accounting functions, but also to offer a wide array of services to complement them.”
For example, REDW said it offers comprehensive advisory and specialized expertise to a variety of industries and tribal communities nationwide. Those services include:
- Cybersecurity
- Business valuation
- Forensics and dispute advisory
- Transaction advisory
- Specialized state and local tax and incentive services
- Personal financial planning
- Human resources consulting and compensation studies
- Business software and digital decision-making support
- Outsourced client accounting—from bookkeeping and controllership to CFO services
- Personal financial planning and wealth management bundled with tax planning and compliance
- Policy and procedures support
- Internal audit with a solutions-based consultative approach
According to REDW Managing Principal Steve Cogan, the firm was looking to strategically expand in the market.
“REDW’s goal for expansion efforts has been to continue to be indispensable partners in navigating markets, leveraging advanced technology, and driving personal financial and business growth,” he said.
Founded in 2015, Hatcher Financial provides tax, accounting, and financial services to roughly 400 clients.
“We have applied a disciplined approach, blending wealth management and tax planning, guiding businesses as well as individuals across a wide variety of areas, uncovering unnecessary risks and ensuring that opportunities aren’t missed,” said Douglas Hatcher, Hatcher Financial founder, director of financial planning, and a tax consultant for more than 45 years.
“Our team has over 100 years of combined financial services, accounting and tax expertise, and provides innovative, tax-optimized wealth management solutions,” added Hatcher, who is now a wealth management principal at REDW. “We are looking forward to expanding our efforts through this opportunity with REDW.”
This acquisition is the latest move by REDW, following the opening of its first Pacific Northwest office in late 2023 via an acquisition with Oregon-based Grove, Mueller & Swank, as well as its acquisition of Edwards, Largay, Mihaylo & Co. in Phoenix in 2022.
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